23/09/2021

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Porsche SE boosts pre-tax profit | Automotive Industry News

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Porsche SE Stuttgart reported pre-tax gain “increased significantly” in the very first a few months of...

Porsche SE Stuttgart reported pre-tax gain “increased significantly” in the very first a few months of 2021.

Earnings was EUR995m compared to EUR99m described for Q1 2021.

Volkswagen AG contributed EUR1bn compared to EUR108m a year previously.

At EUR558m, net liquidity of Porsche SE Team remained almost unchanged at 31 March 2021 when compared to EUR563m on 31 December 2020.

“Porsche SE proceeds to assume a optimistic team result soon after tax of between EUR2.6bn and EUR4.1bn for the [entire] year 2021. The forecast of the team net liquidity also remains unchanged. Without using into account long term investments and divestitures, it is envisioned to be between EUR0.4bn and EUR0.9bn as of 31 December 2021,” the enterprise reported in a statement.

Porsche SE is principally an anchor shareholder and extended phrase trader in the Volkswagen Group in which it holds fifty three.three{ed0b873b90f1b87a4f3b347f1646a477c6eee9bccb9dcbe5ac9cb67a3d16495a} of the everyday shares.

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